News

TORONTO — Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago, thanks in part to weaker consumer confidence. The luxury clothing company’s direct-to-consumer (DTC) business came under more pressure than anticipated, said Dani Reiss, chairman and CEO. “We face an increasingly challenging consumer environment,” […]

TORONTO — Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in the base metal and technology sectors, while U.S. stock markets were mixed. The S&P/TSX composite index was up 133.74 points at 24,771.19. In New York, the Dow Jones industrial average was down 26.95 points at 43,702.98. […]

TORONTO — Ontario is pushing through several bills with little or no debate, which the government house leader says is due to a short legislative sitting. The government has significantly reduced debate and committee time on the proposed law that would force municipalities to seek permission to install bike lanes when they would remove a […]

TORONTO — Barrick Gold Corp. reported a third-quarter profit of US$483 million, up from US$368 million a year ago as its revenue rose 18 per cent. The gold miner, which keeps its books in U.S. dollars, says the profit amounted to 28 cents US per share for the quarter ended Sept. 30 compared with a […]

BRAMPTON, Ont. — Brampton, Ont., says transit and other local services are facing disruptions and delays after 1,200 municipal employees went on strike. CUPE 831, a local unit of the Canadian Union of Public Employees, says workers walked off the job Thursday morning after entering a legal strike position at 12:01 a.m. The union says […]

TORONTO — Canadian Tire Corp. Ltd. executives are seeing early signs that consumers could soon ease up on the careful shopping habits they adopted to cope with inflation, but their outlook on the economy is still far from rosy. “Our customer data tells us that the impact of (cuts to) interest rates has yet to […]

TORONTO — Hannah Logan didn’t expect to wind up in the hospital, or face a pricey bill for X-rays and medication when she travelled to Bosnia over a decade ago. The Ottawa woman recalls staying in a “mouldy hostel” at the time, which led to her developing a lung infection and needing nine different types […]

TORONTO — Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago. The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.8 million, down from $281.1 million in the same quarter last year. Net income attributable to shareholders amounted to $5.4 […]

TORONTO — Canadian Tire Corp. Ltd. raised its dividend as it reported a profit in its latest quarter compared with a loss a year ago when it took a large one-time charge. The retailer says it will now pay a quarterly dividend of $1.775 per share, up from $1.75 per share. The increased payment to […]

TORONTO — Hundreds of people will lose access to supervised consumption sites in Toronto when the province closes five of them next year, which will likely mean more public drug use and more overdoses, a new study suggests. The Ontario government announced in August that it would close 10 supervised consumption sites across the province […]